We took in about $300k in new money in q1 ’14. Thank you to both long-time and new clients for your trust and confidence. Our Top 5 equity positions performed pretty well in q1 ’14. Although we don’t download index … Continued
What we bought last week: we added to the Inverse Treasury TBF, and also added to Micron Technology (MU) in small quantities on Friday, added to Whole Foods (WFM) near long-term support at $50, added to Twitter in small quantities, … Continued
Per Thomson Reuter’s This Week in Earnings, the “forward 4-quarter” earnings estimate for the SP 500 fell $0.16 last week to $118.65 from $118.81. The p.e ratio on the forward estimate now 15.6(x), which is slightly higher than what Factset … Continued
Consumer Discretionary has long been a market leadership sector, representing about 12% of the SP 500 by market cap. The appeal for institutional investors is obvious: you get to own some of the world’s great brands (and growth stocks), like … Continued
Strange action in the markets last week, with Chairwoman Yellen being accused of a “gaffe” by some of the financial media, while I simply thought she was being honest. You would think that with all the weeping and gnashing of … Continued
Per Thomson Reuters, “This Week in Earnings” the forward 4-quarter estimate for the SP 500 fell $0.08 last week to $118.81 from $118.89. The p.e ratio on the forward estimate is now 15.71(x), and the PEG ratio is 2.57(x). The … Continued
PC stocks had a great week: Hewlett-Packard, (HPQ) broke through $31, Microsoft (MSFT) broke above $40, and Intel (INTC) is trying to break above the June ’13 high of $25.98. Here is our article from early October, 2012, detailing the … Continued
Attached is a spreadsheet we put together from Thomson Reuters data, which includes the “history” or trend in the SP 500 operating EPS estimate for each year, as supplied by Street analysts or Strategists. (See below for a better definition.) … Continued
Every time I did into the SP 500 earnings data, I tend to come away thinking that the equity bull market has a ways to run, as I did today with the weekly SP 500 earnings update. The fact is, … Continued
Per Thomson Reuters, the “forward 4-quarter” earnings estimate for the SP 500 actually rose $0.02 last week from $118.87 to $118.89. The p.e ratio on the forward estimate is now 15.5(x), while the PEG ratio is 2.50(x), still towards the … Continued